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3 Responses to “Gold Market?”

1. David M says on April 17th, 2010 at 2:25 pm :
   

   You should have asked this question a few years ago when you could have bought gold for under $300 an ounce. Or even 2 years ago when you cold have done so for $550. Or one year ago when it was at $650. It never ceases to amaze me how people want to buy a commodity or stock AFTER the price has run up. People who do that are called lemmings. And we all know how lemmings end.

2. nycigllc says on April 17th, 2010 at 3:08 pm :
   

   Opening an account with a commodities broker and purchasing contracts is indeed one way to do it, however it is risky and requires an in-depth knowledge of the futures market. You might want to consider opening a standard brokerage account with Scottrade or a similar discount broker and purchase the ETF that holds gold bullion, symbol: GLD. This is the easiest way to purchase gold, and much less risky than dealing with futures contracts. Just a thought, I hope it helped!

   Best of luck!

   Brendan Prewitt
   President, New York Capital Investment Group LLC

3. peilthetraveler says on April 17th, 2010 at 9:07 pm :
   

   Open an account with a commodities broker, then buy contracts.

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